Second wave hit demand more than supply, says RBI

Pointing out that the second wave has overwhelmed India and the world, the RBI said that real economic indicators have moderated in April-May 2021. “The biggest toll of the second wave is in terms of a demand shock — loss of mobility, discretionary spending and employment, besides inventory accumulation, while aggregate supply is less impacted.”

from Markets-Economic Times https://ift.tt/3uZ1ldH